Indian Economy MCQ-224

Economy objective Questions for APPSC,TNPSC,MPPSC,UPPSC,CGPSC Exams

Which one of the following indicators is not used in the determination of Gender Development Index (GDI) in the Human Development Report (HDR)?

Life expectancy of female

Female adult literacy and gross enrolment

Female political empowerment

Female per capita income

With reference to the Finance Commission of India, which of the following statements is correct?

It encourages the inflow of foreign capital for infrastructure development

It facilitates the proper distribution of finance among the public sector undertakings

It ensures transparency in financial administration

None of the above

When development in an economy take place, the share of tertiary sector in National Income

first falls and then rises

first rises and then falls

keeps on increasing

remains constant

Consider the following features1. Pre-dominance of Agriculture. 2. Pre-dominance of Industry. 3. Low per capita income. 4. Massive-unemployment. Which of the features given above is/are the characteristics of Indian Economy?

1,2, 3 and 4

1,2 and 3

1, 2 and 4

1, 3 and 4

In 1980s, Indian economy was in the process of the Hindu rate of growth. Which one of the following is associated with the Hindu rate of growth?

Population growth rate

Growth rate of Naxalism

Growth rate of food grain production

Growth rate of Gross Domestic Product

With reference to Indian economy, consider the following statements1. The Gross Domestic Product (GDP) has increased by four times in the last ten years. 2. The percentage share of public sector in GDP has declined in last ten years. Which of the statements given above is/are correct?

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

The growth rate of the Per Capita Income at the current price is higher than the Per Capita Income at constant prices, because the latter takes into account the rate of

increase in price level

population growth

growth in money supply

increase in wage rate

Which one of the following is the correct sequence of contribution to Gross Domestic Product in India by the various sectors of the economy in last ten-years?

Agriculture-industry-Service

Agriculture-Service-industry

Service-Agriculture-industry

Service-lndustry-Agricuiture

Consider the following statements1. Average growth rate of the agriculture and allied services in Indian Economy after independence is more than 4%.2. After the economic Liberalisation in 1991, the decline in share of agriculture in GDP has been balanced by an increase in share of the services sector. Which of the statements given above is/are correct?

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Which one of the following is not the component of the services sector of Indian Economy?

Insurance and Finance

Community and Personal

Construction

Trade and Hotel

Consider the following1. Equitable allocation of resources2. Generation of employment3. Tax concession to big corporate4. Universalisation of Public Distribution SystemWhich of the public services given above is/are major factor/factors which can bring ‘inclusive growth’ in our country?

1,2, 3 and 4

1, 2 and 3

1, 2 and 4

1, 3 and 4

Urbanization in India is very poor as compare with other developed countries. Which one of the following can be the exact cause of the high population increase in urban areas?

Natural increase of urban population

Net migration from rural areas

Lack of coverage of rural masses under social benefit Programmes

Both ‘a’ and ‘b’ are the exact causes for population increase in urban areas

Which one of the following companies launched the e-Chou pal to bring inclusive market in India?

RIL

Tata

ITC

Birla Groups

Consider the following statements1. More than fifty percent of the Net Domestic Product is contributed by the unorganised sector of Indian economy. 2. Less than one-fourth of Net Domestic Product is contributed by the organised sector of Indian economy. Which of the statements given above is/are correct?

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Which one of the following institutions prepares the National Income Estimates in India?

Planning Commission

Reserve Bank of India

Central Statistical Organisation

Indian Statistics Institute

Which one of the following states has the highest percentage of poverty according to the Suresh Tendulkar Commission in India?

Bihar

Paschim Banga

Odisha

Asom

Which one of the following countries of Asia has the highest number of human resource in Science and Technology?

Sri Lanka

China

India

Thailand

Which one of the following is the objective of social forestry which is started by Indian Government?

To increase green coverage

To create more employment opportunities

To reduce urbanisation in rural areas

To produce raw material for rayon and match factories

Consider the following statements1. In India, the life expectancy at birth of male is more than female. 2. In India, the infant mortality rate per thousand of live birth of girl is more than boy. Which of the statements given above is/are correct?

Only 1

Only 2

Both 1 and 3

Neither 1 nor 2

Consider the following statements The most effective contribution made by Dadabhai Naoroji to the cause of Indian National Movement was that he 1. exposed the economic exploitation of India by the British. 2. interpreted the ancient Indian texts and restored the self-confidence of Indians. 3. stressed the need for eradication of all the social evils before anything else. Which of the statements given above is/are correct?

1, 2 and 3

1 and 3

1 and 3

Only 1

Which one of the following goals is not the goal included in the Millennium Development Goal of United Nations?

To halve the people of the world living with hunger

To halve the proportion of the world’s people living below $ 2.5

To halve the proportion of the world’s people without access to safe drinking water

To achieve gender equality in access to education

In which of the following types of the economy are the factors of production owned individually?

Socialist

Capitalist

Mixed

Both ‘a’ and ‘d’

Consider the following statements1. Kerala is the best performer in the term of HDI in India. 2. Kerala has performed better than Norway in the term of overall HDI. Which of the statements given above is/are correct?

Only 1

Only 2

Both 1 and 2

Neither 1 nor 2

Which one of the following is correct about the Laffer Curve?

It is the relationship between the unemployment and growth rate of GDP of a country

It is the relationship between the inflation and the trend of changes in labour pattern

It is the relationship between government revenue raised by taxation and all possible rates of taxation

None of the above

Consider the following statements1. According to census, the main workers of Indian economy are those who work 183 days or more in a year. 2. The marginal workers are those who work less than 100 days in a year according to census. Which of the statements given above is/are correct?